CFO of Bed Bath & Beyond Commits Suicide

CFO of Bed Bath & Beyond Commits Suicide

Date:

The CFO of the beleaguered meme stock has fallen to his death in New York City. Police responded to a 911 call on Friday at 12:30 p.m. ET (1630 GMT) and discovered a 52-year-old male dead nearby with what looked to be fall-related injuries. Authorities arrived at 56 Leonard, otherwise known as the “Jenga tower” to investigate the fall. Gustavo Arnal was identified as the casualty, according to police.

Man, 52, jumps to his death from 18th floor of 57-story 'Jenga' glass tower  in Manhattan | Daily Mail Online

This development has come a few days after the company announced many layoffs and store closures to save the financially struggling company. Arnal was undoubtedly facing immense pressure while making the tough calls that impacted tens of thousands of employees.

Just as recently as 2018, Bed Bath & Beyond (BBBY) had 65,000 employees. Bed Bath & Beyond was not on an upward trajectory when Arnal joined the retailer in 2020. The company now employs roughly 25,000 employees due to the impacts of Covid on storefronts and supply chains.

Arnal served as an executive in prior companies that include Avon and Proctor & Gamble. Although his years of service to BBBY are sure to be recognized, no comment has been made yet by the company or by his family.

Liam Fegan
Liam Fegan
Lockheed Martin Financial Analyst since June of 2018. If you want a better life, raise your standards and don't compromise them.
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